Manoj Vaibhav Jewellers' Profit Up by 30.1%
By Ankur Chandra | Updated at: May 31, 2025 10:45 PM IST
Visakhapatnam, May 28, 2025 — Manoj Vaibhav Gems ‘N’ Jewellers Ltd (BSE: 543995, NSE: MVGJL) today announced its audited financial results for the quarter and year ended March 31, 2025. The reports show strong profitability driven by high sales across its showrooms.
Key Financial Highlights (₹ in million)
| Particulars | Q4 FY25 | Q4 FY24 | YoY % | FY25 | FY24 | YoY % |
|---|---|---|---|---|---|---|
| Revenue from Operations | 7,051.01 | 5,464.53 | 29.1% | 23,840.17 | 21,496.73 | 10.9% |
| Total Income | 7,074.78 | 5,509.67 | 28.4% | 23,974.42 | 21,610.93 | 10.9% |
| EBITDA (Approx.) | 459.97 | 412.30 | 11.6% | 1,779.66 | 1,516.43 | 17.3% |
| Profit Before Tax | 361.74 | 280.46 | 29.0% | 1,296.64 | 1,086.70 | 19.3% |
| Net Profit | 267.49 | 205.67 | 30.1% | 1,004.21 | 809.26 | 24.1% |
| EPS (₹10 FV) – Basic & Diluted | 5.48 | 4.21 | — | 20.56 | 18.37 | — |
Figures are standalone audited financials
Strategic and Operational Highlights
- IPO Funds Utilisation: The company fully utilised ₹1,893.10 million raised through its IPO by March 31, 2025. The company utilised the funds towards capital expenditure, inventory for 8 new showrooms, and general corporate purposes.
- Inventory Surge: The company’s inventory rose to ₹13,172 million as on March 31, 2025, compared to ₹10,806 million in FY24.
- Cash Position: Despite a drop in cash and equivalents to ₹253.03 million from ₹407.99 million, the company maintains healthy liquidity and asset growth.
Audit & Governance
- The statutory audit was conducted by Sagar & Associates, which issued an unmodified opinion on the financial results.
- P.A. Naidu & Associates has been reappointed as Internal Auditor for FY26.
- The company also updated its Insider Trading Code in line with the SEBI’s Third Amendment Regulations, 2024.
Management Commentary
GBM Ratna Kumari, Chairperson & Managing Director, stated:
“We’ve maintained momentum across all key metrics in FY25. The successful deployment of IPO proceeds and the addition of new showrooms have laid the foundation for sustainable long-term growth.”
Outlook
Vaibhav Jewellers is well-positioned to expand its retail growth in FY26 as it has completed the expansion of IPO-funded showrooms. With a healthy balance sheet of ₹7,187.62 million in total equity, the company continues to benefit from India’s rising demand for organised jewellery retail, especially in Tier-II and Tier-III cities.
About the Company
Manoj Vaibhav Gems ‘N’ Jewellers Ltd is an Indian jewellery brand that operates regionally in South India. The company offers gold, silver, and diamond jewellery, precious gemstones, and other jewellery products through retail showrooms as well as through its website. The company was established in 2003 and is headquartered in Visakhapatnam, Andhra Pradesh.
REF:https://nsearchives.nseindia.com/corporate/CSVAIBHAV_28052025144300_OutcomeFRandothers.pdf
